Peanut Oil Market Overview, Key Trends, and Insights on Top Players

The peanut oil industry is on track for consistent expansion over the coming years, driven by shifting consumer preferences and broader market trends. As awareness grows around health and sustainability, this sector is evolving to meet diverse demands across food, personal care, and other applications. Let's explore the market's value outlook, key players, emerging trends, and segmentation to understand where this industry is headed.

Projected Market Value and Key Growth Factors in the Peanut Oil Market
The peanut oil market is expected to grow steadily, reaching a value of $13.54 billion by 2030. This reflects a compound annual growth rate (CAGR) of 4.7%. Several factors contribute to this growth during the forecast period, including a rising focus on heart-healthy cooking oils, increased consumption of organic food products, expanding demand from the cosmetics sector, growth in online sales of edible oils, and a stronger preference for traceable agricultural sourcing. Among the prominent trends are the rising popularity of cold-pressed and organic peanut oils, a growing preference for oils with high smoke points suitable for cooking, expanding use of peanut oil in personal care formulations, adoption of sustainable packaging options, and enhanced transparency in nutritional labeling.

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Key Companies Leading the Peanut Oil Market Expansion
The peanut oil industry features several influential players shaping its trajectory. Some of the major companies active in this market include Cargill Inc., Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, CHS Inc., Olam International, Yihai Kerry Investments Co. Ltd., Louis Dreyfus Company, Adani Wilmar, and Ruchi Soya Industries Ltd. Other notable companies are Hain Celestial Group, J-Oil Mills Inc., Lam Soon Group, Ventura Foods, Agarwal Industries Pvt. Ltd., Liberty Oil Mills Ltd., Golden Peanut and Tree Nuts, Catania Oils, Planters Peanut Co., Agro Indonesia, Manishankar Oils Pvt. Ltd., Shree Ram Proteins Ltd., and Kothari Oils.
In a significant development, Indian food producer MK Agrotech acquired Riso in February 2023. Riso, an Indian premium edible oil brand known for peanut oil, will enable MK Agrotech's Sunpure brand to broaden its product range and strengthen its foothold in the peanut oil market, enhancing its reach to a wider consumer base.

Emerging Innovations and Trends Impacting the Peanut Oil Sector
Leading companies in the peanut oil market are focusing on innovation, particularly by introducing premium cold-pressed groundnut oils. These oils are extracted using traditional cold-pressing techniques without heat or chemicals, preserving nutritional quality.
For example, in August 2023, Tata Consumer Products launched a new line of 100% pure and unrefined cold-pressed oils aimed at making high-quality oils more accessible and affordable. The Tata Simply Better Cold Pressed Oils collection includes variants such as cold-pressed groundnut oil, virgin cold-pressed coconut oil, cold-pressed mustard oil, and cold-pressed sesame (gingelly) oil. This product launch aligns with Tata's strategy to offer nourishing, premium alternatives in the rapidly growing cold-pressed oils segment, supporting consumer well-being.

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Detailed Segmentation of the Peanut Oil Market
This report segments the peanut oil market across multiple dimensions, offering a comprehensive view:
1) By Type: Refined and Un-Refined peanut oils
2) By Packaging: Glass containers, plastic containers, cartons, plastic pouches, and other packaging formats
3) By Distribution Channel: Business to business (B2B), hypermarkets and supermarkets, online sales platforms, and independent retail stores
4) By Application: Uses in personal care products, food, pharmaceuticals, and other sectors
5) By End Users: Including households, restaurants, food manufacturers, and various other customers

Further subcategories break down refined peanut oil into bleached, deodorized, hydrogenated, fully refined for cooking, refined for industrial use, and refined for cosmetic products. The unrefined segment includes cold-pressed, expeller-pressed, organic, virgin variants, as well as oils specifically used for cooking, culinary purposes, and personal care or cosmetic applications.

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This release was published on openPR.